collections

How long does information stay on your credit report?

How long does information stay on your credit report?

According to federal law, credit reporting agencies may report negative information on your credit report for a specific amount of time. The amount of time depends on the type of discrepancy. The times are as follows:

  • Bankruptcies can be reported for ten (10) years.
  • Civil suits, judgments, and records of arrest can be reported for seven (7) years.
  • Paid tax liens can be reported for seven (7) years from the date of payment.
  • Accounts placed in collections can be reported for seven (7) years.